The Changing Face Of Chinese IPOs

Amid recent scandals and fraud investigations,
U.S.-listed Chinese companies have been in the spotlight lately for all the
wrong reasons. An investor who bought every Chinese initial public offerings
since 2008 would have lost an average of 24% through mid-June, compared with a
25% gain in the average non-Chinese IPO according to a report from IPO research
firm Renaissance Capital. That a reflects a trend where U.S. demand for
fast-growing companies and a maturing market in Hong Kong that has altered the
landscape for Chinese companies that want to go public.